Asahi Songwon Colors Ltd Stock Analysis

BSE: 532853 | NSE: ASAHISONG | Dyes & Pigments | Small Cap

BSE Share Price 27-Jan-2023 18:01
241.00 -5.20 (-2.11%)

DeciZen - Make an Informed Decision on Asahi Songwon Colors

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

Asahi Songwon Colors Price Chart

P/E Ratio ( SA) :
14.22
Market Cap :
284.1 Cr.
52-wk low :
226
52-wk high :
346.5
Bole Toh?

1. Is Asahi Songwon Colors Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Asahi Songwon Colors Ltd is a below average quality company.

2. Is Asahi Songwon Colors Ltd undervalued or overvalued?

The key valuation ratios of Asahi Songwon Colors Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

3. Is Asahi Songwon Colors Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Asahi Songwon Colors Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Asahi Songwon Colors:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Asahi Songwon Colors Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 7.8%10.3%11.3%13%15.7%11.1%8.7%10.6%12.6%9.1%-
Value Creation Index -0.5-0.3-0.2-0.10.1-0.2-0.4-0.2-0.1-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 232302240224253293294284283406416
YoY Gr. Rt. %-30.1%-20.7%-6.5%13.2%15.4%0.4%-3.4%-0.3%43.4%-
Adj EPS 8.413.214.615.822.418.515.418.62520.116.9
YoY Gr. Rt. %-57%10.5%8.3%41.8%-17.4%-16.9%21.2%34.4%-19.5%-
BVPS (₹) 97.8105.796.1110.8129.2148157.8164.3193.4209.7211.9
Adj Net Profit 10.316.217.919.427.522.718.822.830.124.220
Cash Flow from Ops. 17.420.52531.728.15.927.174.34.924.7-
Debt/CF from Ops. 4.13.91.91.41.3132.30.39.12.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 6.4%9.9%11.4%43.4%
Adj EPS 10.2%-2.1%9.4%-19.5%
BVPS 8.910.2108.4
Share Price 13.4% -7.7% 20% -14.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 8.812.914.415.318.713.31011.613.9108
Op. Profit Mgn % 10.712.815.117.518.713.213.712.117.110.59.7
Net Profit Mgn % 4.45.47.58.710.87.86.48.110.664.8
Debt to Equity 0.60.60.40.30.20.40.30.10.20.20.1
Working Cap Days 152139170151142157176165169148196
Cash Conv. Cycle 67587673717910185878345

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 11.38%

Sales growth is good in last 4 quarters at 18.52%

Return on Equity has declined versus last 3 years average to 8.00%

Net Profit has been subdued in last 3 years 9.44%

Latest Financials - Asahi Songwon Colors Ltd.

Standalone Consolidated
TTM EPS (₹) 16.9 11.8
TTM Sales (₹ Cr.) 416 514
BVPS (₹.) 211.9 200.5
Reserves (₹ Cr.) 238 225
P/BV 1.14 1.20
PE 14.22 20.37
From the Market
52 Week Low / High (₹) 226.00 / 346.45
All Time Low / High (₹) 11.70 / 442.65
Market Cap (₹ Cr.) 284
Equity (₹ Cr.) 11.8
Face Value (₹) 10
Industry PE 20.6

Management X-Ray of Asahi Songwon Colors :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Asahi Songwon Colors

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Asahi Songwon Colors Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Asahi Songwon Colors on 27-Jan-2023 18:01 is : 241.0.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 27-Jan-2023 18:01 the market cap of Asahi Songwon Colors stood at ₹ 284.1.
The latest PE ratio of Asahi Songwon Colors as of 27-Jan-2023 18:01 is 14.22.
The latest PB ratio of Asahi Songwon Colors as of 27-Jan-2023 18:01 is 1.14
The 52-week high of Asahi Songwon Colors is ₹ 346.4 and the 52-week low is ₹ 226.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Asahi Songwon Colors is ₹ 415.8 ( Cr.) .

About Asahi Songwon Colors Ltd

Asahi Songwon Colors was incorporated in 1990 as privately owned company- Asahi Dyechem. The company was founded by Paru Jaykrishna.

Later in 1996-97, Songwon Colors of South Korea decided to enter into a joint venture with Asahi Dyechem with financial investment and technological collaboration. Thus, company’s name was changed to Asahi Songwon Colors

Asahi Songwon initially established manufacturing facility for pigment green 7 with a capacity of 600 MT. Then, after getting good international market, the capacity has been increased to 1200 mt/annum.

In 2005, Asahi Songwon Colors started manufacturing of CPC Blue Crude 5N with the technology of Clariant Songwon Colors of South Korea.

From existing capacity of 4000 MT/A, very soon company is planning to double the blue crude capacity. The company also intends to diversify in to allied products.

Asahi Songwon Colors' research and development laboratory is located at Asahi Green Plant site, which provides technical service to customers and seeks to develop new products suited to customer needs.

Products manufactured by the company:

  • Pigment Green 7
  • CPC Blue Crude
  • Pigment Alfa Blue 15:0
  • Pigment Alfa Blue 15:1
  • Pigment Beta Blue 15:3

Awards/ recognition:

Company’s pigment facility is located at Mehsana district and its figment blue facility in Vadodara district of Gujarat. Both plants have received ISO 14001:2004 certification.

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